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Stock impact report

Pyxis Tankers: Change In Strategic Direction Unlikely To Impress Investors [Seeking Alpha]

Pyxis Tankers Inc. (PXS) 
Last pyxis tankers inc. earnings: 3/20 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
In addition, the company announced the sale of the 2015-built product tanker Pyxis Epsilon at a stellar price of $40.75 million, an approximately 15% premium to estimated market value. Pyxis Tankers has increased the pace of share buybacks since the end of the second quarter. In a recent Capital Link interview, management outlined its vision for the company to become a diversified shipping company in the near future. While Pyxis Tankers' new strategic direction is causing some uncertainty, I am reiterating my "Buy" rating on the common shares based on the company's strong financial position and discounted valuation. Note: I have covered Pyxis Tankers ( NASDAQ: PXS NASDAQ: PXSAP PXSAW ) previously, so investors should view this as an update to my earlier articles on the company. Two months ago, I downgraded shares of small, Greece-based product tanker operator Pyxis Tankers or "Pyxis" due to corporate governance and capital allocation concerns after the company surprisingl Show less Read more
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